Mediterrania Capital Partners has signed a share purchase agreement to acquire Société Marocaine des Manufactures de Mohammedia (SMMM), the holding company of Amcor Flexibles Mohammedia (AFM), from Amcor Group. The transaction gives the private equity firm control of a Moroccan flexible packaging manufacturer with an established industrial base and exposure to several resilient end markets, including dairy, pharmaceuticals, food, and home and personal care.

Based in Mohammedia, Morocco, AFM operates what the buyer describes as a fully integrated industrial platform. That positioning is important in flexible packaging, where production control, converting capability and customer responsiveness are closely linked to competitiveness. For a company supplying packaging into regulated and fast-moving sectors, integrated operations can support consistency, speed and broader scope for product development.

The acquisition shows how investor interest in packaging remains closely tied to businesses serving essential consumer and healthcare categories. AFM’s core role in the dairy industry, alongside its presence in pharmaceutical, food and personal care applications, gives it exposure to markets that tend to remain strategically important even during wider economic volatility.

For private equity, the appeal of a packaging platform like AFM lies not only in manufacturing capability, but in its connection to stable, recurring demand across multiple everyday product sectors.

According to Mediterrania Capital Partners, the business offers a solid base for the next phase of expansion. The firm said it sees opportunities to broaden AFM’s product offering and enlarge its customer base, while using its own regional experience to support growth. That approach fits the investment model the firm outlined in the announcement: backing mid-sized market leaders in Africa and helping them scale through operational support and strategic development.

The buyer also made clear that the transaction is not being framed as a passive financial investment. Mediterrania Capital Partners said it intends to work closely with AFM’s management to expand production capabilities, improve operational efficiency and diversify both the company’s portfolio and client mix. In practice, that points to a hands-on ownership approach in which packaging growth is expected to come not only from market demand, but from stronger industrial execution and a wider commercial reach.

For the broader packaging sector, the deal is notable for what it says about regional manufacturing platforms. Morocco continues to attract attention as a strategic industrial base connecting African, European and Mediterranean markets, and flexible packaging remains a category where local production strength can create long-term value. A business with installed capacity, established customer links and integrated manufacturing therefore represents more than a standalone asset; it can become a platform for regional expansion if backed by capital and operational investment.

The acquisition also highlights the continued importance of flexible packaging in sectors where performance, hygiene and efficient material use are essential. Dairy, pharmaceuticals, food and personal care all place high expectations on packaging in terms of protection, compliance and presentation. That makes manufacturers serving these segments especially relevant as packaging buyers continue to demand reliability alongside cost control and product differentiation.

The transaction remains subject to customary regulatory approvals, so completion has not yet been finalised. Even so, the agreement gives a clear signal about Mediterrania Capital Partners’ ambitions in packaging. By acquiring AFM from Amcor Group, the investor is positioning itself behind a Moroccan industrial asset with cross-sector relevance and room for expansion. If the deal closes as expected, it could mark the start of a broader effort to build a stronger flexible packaging platform in Morocco and, potentially, across the wider region.